Avanti Residential Acquires Multifamily In Miami For $181M From The Estate Companies

The multifamily property located at 218 NW 8th Street in Miami was recently sold for a staggering $181,000,000. The sale took place on 07/05/2022 and involved a total of 360 units, resulting in a per unit price of $502,778. The property spans an impressive 1 acre of land. Avanti Residential, represented by Christian Garner, acquired the property from The Estate Companies, represented by Jeffrey Ardizon & Robert Suris. The transaction was facilitated by Still Hunter of Walker & Dunlop.

Summary of Transaction Details

• Property Type: Multifamily
• Transaction Amount: $181,000,000
• Address: 218 NW 8th Street, Miami
• Market: Miami
• Units: 360
• Price Per Unit: $502,778

The buyer, Avanti Residential, was represented by Christian Garner. On the other hand, The Estate Companies, comprising Jeffrey Ardizon & Robert Suris, acted as the seller in this deal. Still Hunter of Walker & Dunlop served as the broker for the transaction, ensuring a smooth transfer of ownership.